Solved: 7881. Practical sequences Consider the following

Chapter 8, Problem 80

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7881. Practical sequences Consider the following situations that generate a sequence. a. Write out the first five terms of the sequence. b. Find an explicit formula for the terms of the sequence. c. Find a recurrence relation that generates the sequence. d. Using a calculator or a graphing utility, estimate the limit of the sequence or state that it does not exist. Consumer Price Index The Consumer Price Index (the CPI is a measure of the U.S. cost of living) is given a base value of 100 in the year 1984. Assume the CPI has increased by an average of 3% per year since 1984. Let cn be the CPI n years after 1984, where c0 = 100.